When setting up Revocable Living Trusts, married couples can either have separate Trusts for each spouse or one Joint Trust. Absent complex tax planning needs (as would be the case if, for example,
Years ago, I once worked with a divorced woman who had no children, but a beloved dog at home. She wanted her entire sizable estate to be split between a girlfriend of hers and her dog so we included a
A few weeks ago, I discussed choosing a guardian for your children and listed a few factors to take into account in deciding who should be the best guardian(s) for your children. However, it is not always that
When your child turns 18 and is away at college, you might not realize that you won’t have the ability to talk to the school or the hospital or the doctors in the event your child has a medical emergency due to the Privacy Rule of the Health Insurance Portability and Accountability Act (HIPAA).
I want to be as accessible as possible, especially to those of you who simply do not know where to begin. Maybe you just have general questions that you have been meaning to Google or ask an estate planning attorney but never get around to it. I get it – it’s time-consuming and overwhelming to get
All this talk about avoiding Probate and yet it is almost always recommended that married couples leave their home titled jointly while they are both living and married, as opposed to putting it in their Trust along with their other assets. Why?
In second (or third or fourth) marriage situations where one or both spouses bring in kids from the prior relationship, estate planning can get complicated. Almost everyone has a natural affinity for their own children and their own blood family members, which can make the planning process touchy in subsequent marriages.
I just received this book that I pre-ordered months ago. Can’t wait to read it. If our sons are going to receive our assets when we die, we want to at least instill in them good financial awareness and habits
Generally, you should review your estate plan every 3-5 years or when specific events happen in your life that warrant a change or an update. The reasons are different to everyone but here are some basic reasons.
Estate planning is not just for couples with or without children. Single or unmarried people need estate planning too, of course. Their situations are not always necessarily different from married persons